Mark George Wilson Sells 2,286 Shares of BlackBerry Ltd (NYSE:BB) Stock

BlackBerry Ltd (NYSE:BB) CMO Mark George Wilson sold 2,286 shares of BlackBerry stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $4.67, for a total transaction of $10,675.62. Following the completion of the transaction, the chief marketing officer now owns 117,392 shares of the company’s stock, valued at approximately $548,220.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark George Wilson also recently made the following trade(s):

  • On Friday, September 25th, Mark George Wilson sold 7,081 shares of BlackBerry stock. The shares were sold at an average price of $4.68, for a total transaction of $33,139.08.

Shares of BlackBerry stock traded down $0.01 on Thursday, hitting $4.58. 4,967,145 shares of the company’s stock traded hands, compared to its average volume of 5,264,167. The firm’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $4.58. The stock has a market capitalization of $2.55 billion, a PE ratio of -3.47 and a beta of 1.53. BlackBerry Ltd has a one year low of $2.70 and a one year high of $6.89.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 24th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $259.00 million during the quarter, compared to analysts’ expectations of $239.74 million. BlackBerry had a negative net margin of 72.19% and a positive return on equity of 3.91%. The business’s revenue was up 6.1% compared to the same quarter last year. Research analysts expect that BlackBerry Ltd will post -0.05 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Scotia Capital Inc. grew its holdings in shares of BlackBerry by 4.0% in the 2nd quarter. Scotia Capital Inc. now owns 226,577 shares of the company’s stock valued at $1,130,000 after buying an additional 8,683 shares during the period. GSA Capital Partners LLP acquired a new position in shares of BlackBerry in the 1st quarter valued at $220,000. Korea Investment CORP grew its holdings in shares of BlackBerry by 585.3% in the 1st quarter. Korea Investment CORP now owns 141,122 shares of the company’s stock valued at $572,000 after buying an additional 120,530 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of BlackBerry by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,831,206 shares of the company’s stock valued at $8,944,000 after buying an additional 34,445 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of BlackBerry in the 1st quarter valued at $56,000. 46.69% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on the stock. Raymond James set a $7.50 target price on shares of BlackBerry and gave the company a “market perform” rating in a research note on Thursday, June 25th. Pi Financial reiterated a “neutral” rating on shares of BlackBerry in a research note on Monday, June 22nd. Scotiabank boosted their price objective on shares of BlackBerry from $4.50 to $5.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. ValuEngine cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Bank of America boosted their price objective on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Twelve investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $5.80.

BlackBerry Company Profile

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Insider Buying and Selling by Quarter for BlackBerry (NYSE:BB)

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